Nations Financial Group Inc. IA ADV Acquires 50,885 Shares of Fidelity Total Bond ETF $FBND

Nations Financial Group Inc. IA ADV grew its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 37.3% during the 1st quarter, HoldingsChannel reports. The fund owned 187,357 shares of the company’s stock after buying an additional 50,885 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Fidelity Total Bond ETF were worth $8,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in FBND. Morgan Stanley increased its stake in Fidelity Total Bond ETF by 16.2% during the 4th quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock valued at $1,598,339,000 after purchasing an additional 4,830,198 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Fidelity Total Bond ETF by 3.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock worth $4,139,273,000 after buying an additional 3,390,440 shares in the last quarter. Align Financial LLC bought a new position in shares of Fidelity Total Bond ETF in the fourth quarter worth approximately $141,726,000. JPMorgan Chase & Co. grew its holdings in shares of Fidelity Total Bond ETF by 25.8% during the fourth quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock valued at $532,882,000 after buying an additional 2,374,913 shares during the last quarter. Finally, Dynasty Wealth Management LLC grew its holdings in shares of Fidelity Total Bond ETF by 30.0% during the fourth quarter. Dynasty Wealth Management LLC now owns 8,650,398 shares of the company’s stock valued at $398,264,000 after buying an additional 1,993,799 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of FBND opened at $45.61 on Friday. The company has a market capitalization of $25.56 billion, a P/E ratio of 8.94 and a beta of 0.27. The firm has a 50 day moving average of $45.60 and a 200 day moving average of $45.95. Fidelity Total Bond ETF has a twelve month low of $44.82 and a twelve month high of $46.86.

Fidelity Total Bond ETF Company Profile

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund is an actively managed broad market bond fund that uses the Barclays US Universal Bond Index to guide its sector allocation and duration exposure. FBND was launched on Oct 6, 2014 and is managed by Fidelity.